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Which of the Following Statements Is True of the Financial

Question 37

Multiple Choice

Which of the following statements is true of the Financial Accounting Standards Board (FASB) ?


A) Its authority comes from the Internal Revenue Service.
B) It consists of five members appointed by the Federal Trade Commission (FTC) .
C) Its members can be reappointed to serve one additional term.
D) Its members can retain ties with firms in which they were previously employed.

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